GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2022

GOODWILL AND INTANGIBLE ASSETS

Schedule of goodwill by reportable operating segment

	Total		ArcBest		FleetNet
	(in thousands)
Balances at December 31, 2021	$	300,337	$	299,707	$	630
Purchase accounting adjustments(1)		6,915		6,915		—
Balances at September 30, 2022	$	307,252	$	306,622	$	630

(1) As noted in Note C, purchase accounting adjustments related to the MoLo acquisition represent adjustments to the acquired balance of working capital, and goodwill related to the November 1, 2021 acquisition of MoLo is based on preliminary information as of September 30, 2022.

Schedule of intangible assets

		September 30, 2022						December 31, 2021
	Weighted-Average			Accumulated		Net				Accumulated		Net
	Amortization Period	Cost		Amortization		Value			Cost	Amortization		Value
	(in years)	(in thousands)						(in thousands)
Finite-lived intangible assets
Customer relationships	12	$	100,321	$	41,489	$	58,832	$	100,321	$	35,072	$	65,249
Other	8		30,368		4,578		25,790		30,335		1,304		29,031
	11		130,689		46,067		84,622		130,656		36,376		94,280
Indefinite-lived intangible assets
Trade name	N/A		32,300		N/A		32,300		32,300		N/A		32,300
Total intangible assets	N/A	$	162,989	$	46,067	$	116,922	$	162,956	$	36,376	$	126,580

Schedule of future amortization for intangible assets

	Amortization of
	Intangible Assets
	(in thousands)
Remainder of 2022	$	3,229
2023		12,826
2024		12,793
2025		12,778
2026		8,671
Thereafter		34,325
Total amortization	$	84,622